The Board of Directors of Vung Tau Real Estate and Construction Joint Stock Company approved the resignation of Mr. Nguyen Van Chinh as CEO as from January 17, 2017. board of directors approved the appointment of Mr. Nguyen Van Chinh as Permanent Deputy Chairman of board of directors as from January 17, 2017. The board of directors approved the appointment of Mr. Ly Thanh Nha as Deputy Chairman of board of directors as from January 17, 2017.

The board of directors approved the appointment of Mr. Pham Van Phoi as CEO as from January 17, 2017. He is also a legal representative of the company.